Brent oil price traded with slight positivitiy yesterday, to move away gradually from the bullish channel’s support line that appears on the chart, while it gets continuous positive support by the EMA50, waiting for more rise in the upcoming sessions.
Therefore, we will keep our bullish overview unless breaking 62.50 level and holding with a daily close below it, noting that our next target is located at 65.40.
The expected trading range for today is between 62.00 support and 64.50 resistance.
The expected trend for today: Bullish
Origin: Economies
